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britain is debating whether to lead the eu, why does turkey want to become a full member of the club? and a man who came close to the european union's first marxist prime minister has increased the political and d in athens. he was nicknamed sexting slc -- secy alexi. we went to see if there really is this problem in greece. please be warned, there is some flash photography. >> greece is a place where economic crisis has given way to social crisis. strikes paralyzing the capital, and now, political violence. somebody fired a kalashnikov. now, the left wing has increase the ante, making accusations about the secret service in the 1970's. in 1969, a bomb in the -- in milan left several dead. it is a state with in a state. a strategy of tension. today, there is the gospel of the present great government. the coalition government brought about last year has stabilized the fiscal situation, but it is politically fragile. this is becoming perhaps the first marxist prime minister. >> a secret strategy of creating violent attention. >> it is not exactly a secret strategy. i think it has been
under one trillion euros, how much money should the european union spend over the next six years? eu leaders are trying to reach a compromise deal on their next budget, but the talks will not be easy at a time of economic austerity. >> how much should a cost to run the european union? that is the question facing -- should it cost to run the european union? that is the question facing leaders today. they want bigger funding to pay for infrastructure projects like this. the french want eu grants to their farmers to be kept high. the countries in the south are struggling with that. they cannot afford any cut in revenue from the eu -- with deb t. they cannot afford any cut in revenue from the eu. northern european nations are close to the uk position. the french suggest david cameron may have to back down a bit. >> a compromise is possible, but we must be reasonable, so we need to reason with those who want to cut the eu budget. >> one of the front lines in the battle of the budget is here at the european union -- european commission. the cost of running the european union is actually a
year. >>> and the eu moves to clamp down on big paychecks in the banking sector, looking to cap bonuses on a banker's salary as early as next year. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> okay. we're back. you're mobiled up and we have some data. >> yes. it's such a mobile world, isn't it, in many ways. let's first talk about what's happening with the german unemployment figures. we were waiting on these. it turns out 6.9%, that is the unemployment level for germany in january. the unadjusted figure is 7.4%. it's higher than expected. you can see the forecast was for 6.8%. the prior month was revised higher. the rate itself was unchanged. that's a right i think here in london or certainly in the u.s. they wouldn't mind seeing at this point. >> we've created a million private sector jobs. >> in britain? >> yeah. >> well, congratulations. >> there you go. that is the great conundrum, right? >> it's true. the different between -- well, and even with germany. the liesh market social security holding up, despite the sharp contr
a warhead small enough to fit on a long range missile. the eu secured council called an emergency meeting. chery joins us now from seoul. can you tell us first of all what the general reaction has been there and a lot bit about the impact of the economy. we're watching, for example, the south korea and won take a hit this morning. >> well within not much of a reaction on the kospi. it did end down just about 0.26% here. but i wouldn't say it's a big tumble and it is korean won gained. i think by now investors have learned that north korea related tensions and developments, geopolitical issues like this have had impact on the korean market. so that explains the absence of such strong reaction on the stock market. but the latest that we have on this development is that we have china's reaction to north korea's nuclear tests, as well. china's foreign ministry statement goes that it is china's firm stance to realize nonnuclearization for the korean peninsula and prevent a nuclear proliferation and maintain peace and stability in northeast asia. remember, china is north korea's probably one an
measures imposed by the government and greece is relying on the i.m.f., e.u. and european central bank to help it meet the requirements of trying to beat its debt and emerge from the financial crisis. so live pictures there from athens. and researchers in brazil have for the first time managed to document the birth of a rare giant arm dillo. take a look at these pictures. at the right of your screen. after five months trained on a burrough, a remote camera managed to capture the baby and mother on film. organizations from around the world provided cameras for the project and the footage reveals clues about the lives of this mysterious mammal which can be used to aid conservation efforts in the future. so that is the arm dillo there. it seems to be reaching out for something, i think. staying with the animal kingdom, a young royal penguin is receiving treatment after washing up on a beach more than 2,000 kilometers from its home. the penguin was found starving and dehydrated east of wellington. giving you another story on hacking. china says there's no proof its military is behind an in
: on that note -- dagen: a letter to the eu blasting the new tax on financial transactions because it is hurting investors worldwide. here with more is elizabeth macdonald. liz: it is coming from the financial services round table, the big u.s. bank. they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties. they are worried about treaty protection. also, the big and run that is being talked about at the eu is that traders that assess this tax and do the trades outside that zone, those companies will not be allowed to do any trade transactions with those 11 countries whatsoever. this is serious breaking news for investors all over the world. connell: this would hit
competition and openness in the markets. this is something that is totally in line with the e.u. inspiration of social market economy, and we are lead by, first of all securing the sustainability of public finances in the long-term, including a pension reform, and also looking at the de facto for growth. infrastructures, long delayed in italy, we have simplified the process of building infrastructures and injected in acceleration on those. then the functioning of the markets and that we have introduced more competition for example, in the leader of professions, like to call themselves -- but many pressures to become liberal. and in the separation between gas production and gas distribution, to give you another example. all in the shopping hours and the commerce sector. also a lot of significant indication concerning -- of course this needs to be continued and one issue about the italian elections in which i will not go unless -- here today is which political configuration is more in line with the need to sustain these structures. but i believe that -- not even the largest countries can reall
registrations across the eu slumped to an all-time low in january. >>> government delays its decision on the next bank of japan governor. is this the beginning of a more moderate japanese agenda? >>> and we're live in milan as the italian electoral race enters the final stref. we'll hear just why the mayor will decide to vote. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to today's, a bit of a transport theme going on this morning. >> or lack thereof. >> well, there's bmw, has their recalled. you have to take your one and three series back. >> the thing about the bmw is people have to take them to the special bmw shop, anyway. when you have a recall like this, it's a pretty straightforward process for owners. >> then making a replica of the "titanic." some people are worried they're making it in a chinese shipyard. >> they're pitching this with "titanic" with a twist. some say the twist should be maybe this time it won't sink. >> they are going to do the original sailing route. what happens when they get th
in the eu, because they haven't went into europe zone but they are an active member of the eu. she wants to keep them in. >> time is getting a little tight so let's go to questions very quickly. right here and then right over here. >> if you would, enhance economic opportunities in asia, more asian members of congress. >> that's an interesting thought. of course, you had some very senior members of congress, in fact the senior senator just died, senator inouye, wh who had tremendous clip it and you're seeing more and more asian members elected, male and female. and i think you will continue to see that. you
wanted to keep in the eu because they never went into the eurozone, but they are an active member of the eu. she wants to keep them end. >> time is getting a little tight here, so let's go to two questions very quickly right here and then right over here. >> you said that you would enhance economic opportunities in asia, asian members of commerce. >> that is an interesting question. some very senior members of congress, in fact, the senior senator testified -- just died who had tremendous clout, and you're seeing more and more asian members elected, male and female, and i think he will continue to us see that. you know, -- [inaudible question] >> well, you have -- i think there are several -- one who is korean, one korean-american. at think you will see more going forward because you love a lot of asian-americans who are mayors in major cities to lend that think that if the answer is, i think it would be very helpful to have more asian americans as members of congress. and, of course, he had a governor who is now our ambassador to -- our secretary of commerce who is now our ambass
with asean, singapore, japan and korea. and we're also in dialogue with the eu. we have been talking about a bilateral investment treaty, but not necessarily with a due sense of urgency. for meeting since negotiations started in 2007 does not suggest a great deal of haste. much as it might surprise, we want this as much as you did because it is also of interest to us. ladies and gentlemen, important as they are, market access issues, and goods and services, and i to be seen perspective for they can be made to define narrative. why we must work to sort out these challenges, it is not in our interest to let such issues define the relationship. this is why we have proposed to create an ad hoc clearinghouse mechanism to discuss market access issues in the trade policy forum. i believe that we also need to find a new positive narrative that can bind our countries closer together. one such opportunity i feel is in the energy sector. without a shirt access to energy inputs in sufficient quantities, we will not be able to sustain our economic development. therefore, an enduring in the u.s. partner
with the eu. not necessarily with a decent of urgency. it does not suggest a great deal of pace. it may surprise you that we want this as much as you do. ladies and gentlemen, important as they are, services can be seen in perspective " for be made of the defining narrative. while we must sort out these challenges, it is not in our interest to define racial profiling. we will discuss market access issues at the trade policy forum. we also need to find a positive narrative that will bind our countries together. one is in the energy sector. without access to energy inputs, we will not be able to sustain economic development. therefore, an enduring partnership should not only cover technological and regulatory aspects, but established commercial partnerships. as the u.s. becomes a net exporter of energy, we hope we can develop mutually beneficial partnerships. renewable energy, biofuels and emission technologies. in each of these cases, there can be immediate benefits for both sides. you're interested in exporting natural gas and exporting to non fta countries would help stabilize internat
sanctions is by legislation, under the legislation, and then we have the e.u. sanctions and others that people follow mandated by the security council. the e.u. seems to be more flexible than we are, so there is operating room there. there is operating room in not putting more sanctions on the table could be helpful as an initial step. that would be important. each one of these the president would have to explain he is getting value, that the europeans to take sanctions off central banks and petroleum. that we could do things that i think are absolutely necessary. we have had a longstanding policy of not sanctioning food and medicine for good reasons, and when i was in the security council, in iraq we made them carefully. that got screwed up in oil for food, and i do not want to talk about that, but that was an example of how things could go wrong. the basis was the right basis and that even in the worst of all possible situations, you cannot punish the population, particularly, for the sins of their leaders, especially if they did not choose the leaders. we have a situation where
works. now when you work on a problem like this, as we do in the u.s., perhaps not at the scale the e.u. will, we'll find out. you learn not only more things about the brain but you learn how to build better computers and circles around and all boats rise. but the one mess age i want to leave with you with is that basic research still done in universities primarily including this new world of use inspired basic research with good interaction with companies and so forth producing the independenceble feed stock for companies and especially for young entrepreneurial companies that increasingly drive innovation, products, and jobs. mr. chairman, rajing member johnson, thank you for the opportunity to be here. i'll be happy to answer any questions. >> thank you. thank you for your testimonies today. i'll recognize myself for five minutes to ask questions and mr. templeton i would like to address my first question to you. let me preface by saying this in the united states every year $400 billion is spend on research and development. about $140 billion comes from the federal government. those
. >> you're invited over here. >> we have scotland and then we will have the eu probably about 16 or 17 after the next -- >> i've invited you to be the 51st state over here. >> that's all you will be over here. >> you try to tax us without representation, we'll try to -- >> it's a good number. >> martin b what do you think about the referendum? >> i got myself into trouble by saying that it increases uncertainty. it's what i called the fifth grace one and so there's more uncertainty now. from a political point of view, there's -- >> because of the referendum? right. the prime minister made the right decision. the uk sort of right wing party, it liked the tea party, i guess, in some respects has gained 16% of the vote according to the polls. take more from the trres or from labor. so i think the prime minister was concerned about that. having a referendum laid it out. we did some polling, online polling after the speech. they thought the referendum was right. content of the speech was good, they would vote for the coming out of. there's a lot of work to be done until we get to the refere
driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the decision to sell has been driven by the trustee who own tess state of the former ceo and chairman. peemp say it could fetch mother than $2 billion, but there's a huge fight going on among the
of say, how about the last few years? the u.s. emissions are down, i think 8%. e.u. emissions are down 9%. chinese emissions are up 30%. look at where the coal is being burned. i think in five years india is supposed to become the second largest burner of coal right behind china. the gobal picture -- if the national one isn't enough to make you cry, think globally about where we're going. so that's the crying part. you asked me for bright spots. there are actually are some, so relax. the new car standards will double fuel economy by 2025. california is moving ahead and it is a real bright spot. they are strengthening their targets, that's a bright spot. they got a plan, they have a program, south korea is thinking about instituting emissions trading. china has seven experiments around the country looking at emissions trading. you see some signs then you have these big looming clouds. we have to find a way to get through this and, god, i hope you're not looking for me for all the answers. it isn't all bleak but people better get on to it and get on to it really fast. otherwise it will get
overwhelmed either by europe writ large, the eu or china somehow swallowing up every bit of innovation that exist in the world. they are no longer i think worried about our economy being overwhelmed beyond our shores. but, and i don't think there is no, very little doubt in any circles out there about america's ability to be in position to lead the world in the 21st century. not only in terms of our foreign policy, our incredible defense establishment, but economically. i think the american people are ready to get up as a civil rights leader when i was coming up as a kid said, the american people are just tired of being tired. get up and move. you guys know that because it's happening in your state. you're probably feeling it in your fingertips more than most of us do here in washington. and as i said i think they know we're better positioned than any of the nation in the world to lead the world. and that's what i think they are so frustrated by what they see and don't see happening here in washington. and i think their frustration is turning into a little bit of anger. i found an inte
Search Results 0 to 17 of about 18